You may want to think about the following things:
Relative Cost: Lab-grown diamonds are much cheaper than natural diamonds allowing you to go for bigger stones with lower prices so that you do not go over your budget.
Value Inflation: A more and more lab-grown diamond consumers age and get large scales of demand; the time will come when it will become easier to say lab-grown diamonds are a hot commodity.
Looking ahead, market analysts are predicting that the compound annual growth rate of the global lab-grown diamond market will be ten percent during the period from 2023 to 2030.
Why Should You Choose Lab-Grown Diamonds?
Sustainable and Ethical: Lab-grown diamonds are free from any human conflict and are also eco-friendly with minimal adverse effects on our planet.
Cost Effective: Lab-grown diamonds have a lower cost than mined diamonds of comparable quality which gives you the opportunity to purchase bigger and better diamonds.
Classic Look: This diamond has never been less than mined diamonds in terms of beauty, brilliance, fire, and durability which results in an elegant and sophisticated look.
And looking into all this, cherish diams as a Lab-Grown Diamonds provider believes in working together with you towards sustainable and clean growth.
We are expectational, leading this new world of lab-grown diamonds. Cherish diams offers you excellent craftsmanship along with sustainability and ethical sourcing which is a guarantee that what you are buying in lab-grown diamonds is art along with meaning.
Chairman’s Message: Why You Purchase Lab-Grown Diamond ?
Lab-Grown Diamond
Well to begin with, Lab-grown diamonds have the potential to be game-changers in the jewellery market as they are a studding and a much less expensive option than mined diamonds. Diamonds grown in a laboratory in a controlled environment have the same features as any natural diamond, be it physical, chemical, or optical.
The Economics Behind It
Lab-grown diamonds have an ethical aspect, but they are not just an ethical purchase. As the lab-grown diamonds market gets larger, more value as a whole gets brought to every stone. There are possibilities that every diamond, true as it may be, rounds up in the long… longer-term future.
Let’s consider the financial breakdown behind it. A 1-carat natural diamond costs approximately ₹3,00,000 and grows in value by only 3% annually, reaching ₹4,03,000 after ten years. A 1-carat lab-grown diamond costs just ₹25,000, saving ₹2,75,000 upfront. By investing this difference in a Fixed Deposit (FD) with a 7% annual return, you’d earn ₹5,41,000 after ten years. Combined with your lab-grown diamond, the total value is significantly higher.
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